Project Description

The Newhaven Group is looking to acquire a small accounting practice with the following criteria:

  • Practice with one principal
  • Location in the Bayside region of Melbourne. This is from South Melbourne to Mordialloc and 5 kms inland
  • Fees to range from $100k to $400k per annum
  • Mix of clients: Mix of SME’s, Sole Traders (Trusts & P/L) SMSF’s and Individuals – even distribution of categories i.e. not huge percentage of I returns
  • Principal only required for a small time after hand over
  • Could accommodate 1 or 1.5 FTE employees
  • Premise acquisition not required, but would consider sublease or temporary serviced office during transition period
  • Current software and storage facility not critically important
  • Considerable experience and expertise are in the group to accommodate a successful transfer of the vendors client base
  • Reasonable income multiples offered in the sale price

One of the partners of the Newhaven group is a registered tax practitioner (tax agent) and Fellow of the NTAA who has been an accountant since 1975 and in public practice from 1985

The Newhaven Group incorporates:

  • Newhaven Wealth – Financial Planning
  • Newhaven RE – Real estate
  • Newhaven Accounting for which the accountant will be the RTP nominee – as the buying entity.

For more information please call Jim Prigg on 0408 520453 or jim@knowledgemaster.com.au.